Business Environment: Types of Organizations, Legal Structures, UK Competition Policy, and Globalization

BUSINESS
ENVIRONMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
a) Overview of different types of organizations.........................................................................1
b) Different legal structures along with their advantages and disadvantages.............................2
c) Difference between private and public ownership and ways of financing them....................3
d) UK competition policy and legislative framework surrounding anti competition practices. .3
e) The ways through which competition and market authority operates to review business
practices and impact over consumers..........................................................................................4
f) Understanding of the objectives and fiscal and monetary policy instruments government use
to regulate economy and their impacts........................................................................................5
g) Understanding about globalisation and the ways in which it affects business, competition
and the economy.........................................................................................................................5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business environment refers to certain factors that greatly affects any organizations into
their operations and involves various consumers, competitors, stakeholders, etc. It is basically a
combination of the internal as well as external factors that influence the business aspects (Rialp-
Criado and Komochkova, 2017). This report will discuss diversified aspects of types of
organization, legal structures, difference between community and private ownership along with
assessment of the UK Rivalry strategy and the legislative framework. Apart from this, the study
will also discuss the concept of market competition, microeconomic objectives and complete
understanding about the globalization.
MAIN BODY
a) Overview of different types of organizations
Types of
organizations
Private Public Charity
Company name Marshall Group AstraZeneca Plc. British red cross
society
Aim Their major aim is to
maximise profits and
income level for
varied shareholders to
receive good return
over their
investments.
The primary aim of
public limited
companies is to
maximise
shareholders value,
increase brand
awareness, generates
customer’s loyalty
and more.
These firms are
generated in order to
relieve society from
various social issues
such as poverty,
culture, heritage,
science and always
work for the benefits
of the public living in
the society (Shelton
and Shopley, 2017).
Structure They are basically
sole proprietorship,
limited ability,
corporations and
It is a kind of separate
legal entity with
minimum 3 directors
and 7 shareholders
Non-profit
organizations that
raises support for the
society. Their
1